Alta Mesa Resources, Inc. The Law Offices of Vincent Wong announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of Texas on behalf of investors (1) who purchased or otherwise acquired Silver Run Acquisition Corporation II securities between March 24, 2017 and February 25, 2019; and/or (2) who held Silver Run II Class A common stock as of the record date on January 22, 2018 and were entitled to vote with respect to Silver Run II’s acquisition of Alta Mesa Holdings, LP (“Alta Mesa”) and Kingfisher Midstream LLC.
The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Alta Mesa and Kingfisher did not possess “superior quality” and “[w]orld [c]lass” assets as compared to other operators in the oil and gas industry; (2) tat Alta Mesa faced significant operational setbacks; (3) several major oil producers had steered assets away from production in the region in which Alta Mesa operates; and (4) Kingfisher and Alta Mesa were not on track to achieve the earnings and production estimates provided in the Proxy and Defendants had no reasonable basis to believe and did not believe that Kingfisher and Alta Mesa would achieve these estimates.
“Alta Mesa Resources, Inc.”
If you suffered a loss in AMR you have until April 1, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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